Story perspectives

Perseverance Asset Cuts Nvidia Stake 72%, Adds Micron, SanDisk

8/17/2026

Summary

Story summary

Perseverance Asset Management International cut its Nvidia stake by 72% in Q2 and added Micron Technology and SanDisk.
Greenwoods Asset Management Hong Kong and Oriental Harbor Investment trimmed U.S. hyperscale tech holdings and added AI-infrastructure hardware makers.
Market observers say investors are shifting from hyperscalers’ AI spending to memory-chip and optical-transceiver firms, a move Stephen Innes described as the AI trade “growing up” toward firms that earn economic rent.

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Story summary

Perseverance Asset Management International cut its Nvidia stake by 72% in Q2 and added Micron Technology and SanDisk.
Greenwoods Asset Management Hong Kong and Oriental Harbor Investment trimmed U.S. hyperscale tech holdings and added AI-infrastructure hardware makers.
Market observers say investors are shifting from hyperscalers’ AI spending to memory-chip and optical-transceiver firms, a move Stephen Innes described as the AI trade “growing up” toward firms that earn economic rent.